FG to Pick Advisers for $3․3bn Eurobond via Open Bids
The federal government plans to appoint transaction advisers for a potential $3.3 billion Eurobond issue through an open competitive bid process, the Debt Management Office said on Friday.
Nigeria issued a record $10.7 billion of international bonds in 2018, and some investors were betting the country would sell more paper in 2019 to cover the shortfall, projected at N2.5 trillion . The last Eurobond sale was in 2018, where the country raised $2.86 billion. Citigroup, Standard Chartered Bank and local firm FSDH Merchant Bank acted as financial advisers on Nigeria’s last Eurobond sale.
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